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Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
This public notice extends the abeyance of Public Notice No. 05/2024 dated 27.05.2024, which modified wastage permissible and Standard Input Output Norms for Gold/Platinum/Silver content in export items, until 31.10.2024. The earlier Public Notices had kept the said notice in abeyance until various interim dates. During this extended abeyance period until 31.10.2024, the wastage norms under Para 4.59 of Handbook of Procedures 2023 and SIONs M1 to M7 as existed prior to Public Notice No. 05/2024 stand restored. The notice is issued by the Directorate General of Foreign Trade under the Ministry of Commerce & Industry, Government of India, in exercise of powers conferred by the Foreign Trade Policy 2023.
This public notice extends the abeyance of Public Notice No. 05/2024 dated 27.05.2024, which modified wastage permissible and Standard Input Output Norms for Gold/Platinum/Silver content in export items, until 31.10.2024. The earlier Public Notices had kept the said notice in abeyance until various interim dates. During this extended abeyance period until 31.10.2024, the wastage norms under Para 4.59 of Handbook of Procedures 2023 and SIONs M1 to M7 as existed prior to Public Notice No. 05/2024 stand restored. The notice is issued by the Directorate General of Foreign Trade under the Ministry of Commerce & Industry, Government of India, in exercise of powers conferred by the Foreign Trade Policy 2023.
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TaxTMI 
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